Joe Biden and Xi Jinping failed to bridge their differences over the Ukraine war, with the US president warning of “consequences” if Beijing provided military aid to the Kremlin while Continue Reading
A Covid-19 testing facility set up at a community center in Shanghai.Photographer: Qilai Shen/Bloomberg Bloomberg News China reported its first Covid-19 deaths since January 2021 as the omicron variant continued Continue Reading
Highlights Only Norinco, Sinopec, ChemChina exported gasoil in Feb Gasoline exports also fall 47% on year in Jan-Feb Jet fuel exports jump 40% amid slow domestic demand China’s gasoil exports Continue Reading
Biden tells Xi China would face costs from U.S. and wider world Xi says sanctions could trigger serious crisis in global economy Xi and Biden both stress need for diplomatic Continue Reading
The Chinese commercial hub of Shanghai is pushing ahead with a mass testing initiative as it tries to curb a new spike in COVID-19 infections, but some districts were easing Continue Reading
Only half of Chinese aged 80 and older are fully vaccinated against Covid-19, highlighting the risks as President Xi Jinping’s government tries to contain omicron outbreaks nationwide. About 51% of Continue Reading
Even as authorities lock down cities in China’s worst outbreak in two years , they are looking for an exit from what has been a successful but onerous COVID-19 prevention Continue Reading
China’s relationship with Russia is quickly becoming a thorn in the side of President Xi Jinping. Beijing’s unwillingness to condemn Russia for its aggression in Ukraine could push it further Continue Reading
Highlights Panjin North Asphalt Fuel cuts throughput amid feedstock shortage Ports, refineries in eastern China operating normally Restrictions aimed at containing a COVID-19 outbreak in northeast China have impacted crude Continue Reading
LNG terminals enforce COVID-19 testing; mobility restrictions limit sales Trucked LNG loadings drop in northern, southern provinces High prices exacerbate impact on downstream gas demand Trucked LNG loading schedules have Continue Reading
The talks on Friday come as the Biden administration has become increasingly concerned about China’s possible willingness to assist President Vladimir Putin’s invasion, which enters its 23rd day with Russia’s Continue Reading
A flurry of high-profile coronavirus cases in the nation’s capital — including in people who have been around President Biden — has raised new questions about the trajectory of the Continue Reading
Figures showing a global rise in COVID-19 cases could herald a much bigger problem as some countries also report a drop in testing rates, the WHO said on Tuesday, warning Continue Reading
The Chinese zero-COVID policy has been spooking the oil market several times over the past two years. China locked down all 17.5 million residents in the business hub Shenzhen. Chinese Continue Reading
China port stocks hit record high after Lunar New Year Domestic steel production seen recovering in Q2 The discount of China’s iron ore portside prices to seaborne prices has narrowed Continue Reading
COVID-19 cases highest since the beginning of pandemic Buyers bidding up to $20/mt lower than offers: sources Indonesian coal supply tight, providing floor to prices Chinese thermal coal demand is Continue Reading
Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow them to resume work and production in Continue Reading
A surge in coronavirus infections in Western Europe has experts and health authorities on alert for another wave of the pandemic in the United States, even as most of the country has done Continue Reading
As the Asia-Pacific region struggles with its first Omicron surge, it appears that Europe may be heading for a second jump, just as countries on both continents have rapidly lifted Continue Reading
Last year, President Xi Jinping seemed all but invincible. Now, his push to steer China away from capitalism and the West has thrown the Chinese economy into uncertainty and exposed faint cracks Continue Reading
COVID-19 cases highest since beginning of pandemic Buyers bidding up to $20/mt lower than offers: sources Indonesian coal supply tight, providing floor to prices Chinese thermal coal demand is expected Continue Reading
The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply Continue Reading
China’s Jilin province was “in a last ditch battle” against COVID-19, according to a senior Communist Party official, as the northeastern region bordering North Korea and Russia accounted for three-quarters Continue Reading
China’s public health governance is expected to come under acute pressure in coming weeks as the biggest wave of COVID-19 cases since the 2020 Wuhan outbreak stretches medical resources, tests Continue Reading
Highlights Oil product demand may fall by 4% from original estimations Jet fuel, gasoil, gasoline most hit Analysts to observe government’s policy adjustment China’s oil product demand was under downward Continue Reading
China plans a massive increase in coal mining, a move that will dramatically reduce its reliance on imports and deal a blow to its near-term climate actions. The National Development Continue Reading
China posted a steep jump in daily COVID-19 infections on Tuesday, with new cases more than doubling from a day earlier to hit a two-year high, raising concerns about the Continue Reading
Hartmut Issel explains why UBS Wealth Management upgraded China stocks to “most preferred” despite the selloff. Bloomberg News A selloff across Chinese equities deepened on Tuesday as concerns about the Continue Reading
The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater disruption as China scrambles to contain its worst outbreak Continue Reading
China’s crude steel production in January-February decreased 10% on the year to 157.96 million mt, data from the National Bureau of Statistics showed March 15. Not registered? Receive daily email Continue Reading
Fallout from China’s race to halt its worsening coronavirus outbreak is growing as authorities order lockdowns and other restrictions across more of the country. All 24 million residents of northeastern Jilin province, Continue Reading
China’s stock rout cost the nation’s richest tycoons more than $52 billion on Monday. Zhong Shanshan Zhong Shanshan, known as China’s king of bottled water, led the plunge as his Continue Reading
Hong Kong leader Carrie Lam said on Monday there were no current plans to further tighten strict social distancing measures as authorities battle to contain a deepening coronavirus outbreak which Continue Reading
Residents line up at a makeshift nucleic acid testing site during a mass testing for the coronavirus disease (COVID-19), in Chaoyang district of Beijing, China March 14, 2022. REUTERS/Tingshu Wang Continue Reading
China Tech Stocks Slide as Russia, Covid Concerns Deepen Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing’s close relationship Continue Reading
Shanghai Tower, center, right, in the Lujiazui Financial District of Shanghai. Bloomberg News Shanghai Tower was locked down Monday, trapping workers and visitors inside as authorities race to contain a Continue Reading
The gasoline and gasoil output at China’s independent refineries fell by 17.3% on month in February, following a continuous drop in refinery throughputs, data from local energy information provider JLC Continue Reading
U.S. National Security Adviser Jake Sullivan, who is due to meet with China’s top diplomat Yang Jiechi in Rome on Monday, warned Beijing that it would “absolutely” face consequences if Continue Reading
Russia has asked China for military equipment to support its invasion of Ukraine, according to US officials, sparking concern in the White House that Beijing may undermine western efforts to Continue Reading
A U.S. official said Russia asked China for military equipment to use in its invasion of Ukraine, a request that heightened tensions about the ongoing war ahead of a Monday Continue Reading
China will make full use of coal as a vital part of its energy strategy, leaders and officials said during the nation’s annual gathering of parliament this week, as it Continue Reading
Mainland China reported more than 1,500 new local COVID-19 infections on Saturday, the most since the initial nationwide outbreak at the start of 2020, as the Omicron variant prompts cities Continue Reading
China and Russia have in recent years worked to reduce their reliance on Western financial systems, technology and markets, motivated by their leaders’ mutual desire to insulate themselves against the Continue Reading
Residents line up for nucleic acid testing at a residential compound following new cases of the coronavirus disease (COVID-19) in Wuhan, Hubei province, China February 22, 2022. China Daily via Continue Reading
Healthcare workers transfer the body of a deceased patient into a mortuary at the Queen Elizabeth Hospital in Hong Kong on March 8. Bloomberg News Shanghai suspended in-person classes for Continue Reading
Spot coal prices in China surged this week amid fears of a tightening global market, nearly doubling a government-set cap for long-term supply to power plants. The price of physical Continue Reading
A healthcare worker at a Covid-19 testing facility in Shanghai, China, on March 10. Bloomberg News China has discussed diverting international flights away from Shanghai to other cities, as the Continue Reading
China on Friday ordered a lockdown of the 9 million residents of the northeastern city of Changchun amid a new spike in COVID-19 cases in the area attributed to the Continue Reading
Mainland China is struggling to contain its biggest coronavirus outbreak since the pandemic erupted in Wuhan two years ago, as the Omicron variant tests President Xi Jinping’s zero-tolerance strategy and Continue Reading
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. The exodus of Western companies from Russia in the wake of Continue Reading
